Buried in the Coronavirus Aid, Relief, and Economic Security (“CARES”) Act, which is expected to be passed by Congress and signed by the President today, are revisions to the Bankruptcy Code that are relevant to creditors dealing with distressed debtors. Most notably, the bill will impact the recently-enacted Small Business Reorganization Act of 2019 (the “SBRA”) by increasing the potential pool of qualified debtors.
USA, Insolvency & Restructuring, Litigation, Dykema Gossett PLLC, Coronavirus, Title 11 of the US Code, CARES Act 2020 (USA)